FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR
0.77ratio
FMR$790
Market$1,030
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR
0.87ratio
FMR$1,010
Market$1,160
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR
1.13ratio
FMR$1,350
Market$1,200
vs market+$150
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR
1.18ratio
FMR$1,400
Market$1,190
vs market+$210
FMR is above market; underwrite to market rent.
1.18
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 14702 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14702 (Jamestown, NY) is $1,010 a month. That is up 3.1% from $980 in FY 2026. Jamestown is in the Chautauqua County, NY non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,014. Among 40 ZIP codes in Chautauqua County, 14702 is tied for the 22nd-highest two-bedroom rent (county range $1,010–$1,520). The median county two-bedroom FMR in New York is $1,385, so ZIP 14702 is 27% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 14702
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$680
$710
+4.4%
$639–$781
1BR
$760
$790
+3.9%
$711–$869
2BR
$980
$1,010
+3.1%
$909–$1,111
3BR
$1,290
$1,350
+4.7%
$1,215–$1,485
4BR
$1,300
$1,400
+7.7%
$1,260–$1,540
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 14702
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$710
$790
$1,010
$1,350
$1,400
FY 2026
$680
$760
$980
$1,290
$1,300
FY 2025
$690
$720
$930
$1,210
$1,240
FY 2024area FMR
$662
$711
$905
$1,168
$1,205
FY 2023area FMR
$575
$657
$826
$1,059
$1,123
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Chautauqua County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 14702?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 14702 in?
ZIP 14702 is in the Chautauqua County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in ZIP 14702 for FY 2027?
The two-bedroom FMR rose 3.1%, from $980 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 8.6%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set